Central Bank of South Sudan
The Bank of South Sudan or BOSS is the central bank of the Republic of South Sudan. The Bank was established in 2005 and was a part of Bank of Sudan until the South Sudan became a republic on July 9, 2011. The bank is located in the capital city of Juba. Kornelio Koriom Mayiek is the President of Central Bank of South Sudan.
The Central Bank of South Sudan is headed by Governor of the Bank of South Sudan. The bank is the only institute that is mandated to issue the national currency of Sudanese Pound.
|August 19, 2011: One person died and two injured in an attack on the currency exchange center at Warrap forcing the official of Central Bank of South Sudan (CBoSS) evacuate the center to Wau in Western Bahr el Ghazal state. Minister of information and official spokesman of the government, Barnaba Marial Benjamin confirmed the attack. The deadline to end the exchange process is set for September 1, 2011.
|August 11, 2011: The Governor of Central Bank of South Sudan Elijah Malok said that the country has adequate hard currency reserves to last several more months. Though he did not divulge the amount, he assured the country that the reserve is adequate to support the government and public business.
|July 16, 2011: Central Bank of South Sudan reduced the period for currency conversion period to one and a half months beginning from the 18th July 2011 and ending on 1st September 2011.
- July 14, 2011: Bank begins to receive new currency.
- July 15, 2011: President Salva Kiir Mayardit signs the Law of Central Bank of South Sudan that governs the operations of the Bank.
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